Tag Archives: Money

Obama’s The Biggest Political Recipient of BP Cash

BP and its employees have given more than $3.5 million to federal candidates over the past 20 years, with the largest chunk of their money going to Obama, according to the Center for Responsive Politics. Donations come from a mix of employees and the company's political action committees – $2.89 million flowed to campaigns from BP-related PACs and about $638,000 came from individuals. On top of that, the oil giant has spent millions each year on lobbying — including $15.9 million last year alone — as it has tried to influence energy policy. During his time in the Senate and while running for president, Obama received a total of $77,051 from the oil giant and is the top recipient of BP PAC and individual money over the past 20 years, according to financial disclosure records….. http://www.reuters.com/article/idUSTRE64420A20100505 added by: shanklinmike

Glenn Beck Uses Military Charity To Fund His Book Launch – Tax Free

By now, unless you've been living under a rock, or below the surface of the Gulf of Mexico, you know that Glenn Beck is about the lowest common denominator when it comes to corporate teevee and radio. Despite his ratings dive and a lack of sponsors, he still considers himself to be a winner. Well, he's really stepping in it this time. He's asking his fans to make donations to a military charity to fund a rally in Washington D.C. – the only problem is that the rally is nothing more than a release party for his new book and well…I'll let GottaLaff tell the rest of the story, keying off this audio report from Bill Press: http://crooksandliars.com/logan-murphy/glenn-beck-uses-military-charity-fun Yes, you heard right. Beck doesn’t even have a permit for The Big Rally yet. They’ve applied, but they’re still in negotiations. Yet, they’re selling merchandise as if it’s a done deal. He’s selling stuff for an event that may never take place. It’s also not being held at the Lincoln Memorial, but at the reflecting pool, across the street. Glenn Beck is lying about the location of the rally. And finally, he’s exploiting a charity by soliciting contributions to the Special Operations Warrior Foundation. But see, the fine print says all contributions will first be applied to the rally, the one with Sarah Palin. All contributions in excess of the costs will go to the troops. Let’s recap: –He’s desecrating the memory of Martin Luther King and Abraham Lincoln; –He’s lying to the (gullible) American people who still choose to give him an ounce of credibility, and –He’s using a charity set up to raise money for members of the military, and then stealing the money he raises to pay for his little get together. I am flabbergasted that Glenn Beck would try to freeload like that! /snark WTF is wrong with pukes like Beck and Hannity, who claim to be sooo patriotic, yet use military charities to enrich themselves? Oh wait…they're Republicans…. added by: Stoneyroad

Elizabeth Hurley Is Icy Hot

Alright folks, that’s it for me today, but I thought I’d leave you with some pictures of the super fine MILF Elizabeth Hurley attending some fancy ass party I would never be invited to. I was kinda hoping that putting her next to a giant elephant ice sculpture would perhaps coax her nipples to make an appearance, but it doesn’t seem to have worked out that way unfortunately. Maybe she’s so hot that she’ll melt that thing. Lame.

50 Cent And Floyd Mayweather Talk Friendship, Manny Pacquiao Fight

50 is ‘surrounded by a lot of controversy like myself,’ fighter tells Mixtape Daily. By Shaheem Reid, with additional reporting by Tim Kash 50 Cent and Floyd Mayweather Photo: MTV News Celebrity Favorites: 50 Cent and Floyd Mayweather are as cool as Martin Riggs and Roger Murtaugh. The lethal combination recently hung out in Los Angeles and sat down with MTV News. Their friendship is so genuine that a lot of times, when they have a conversation, they cut each other off before a sentence can be completed. “MTV should be actually paying me for this,” 50 smiled, sitting next to Money May. “50 Cent is one of my best friends,” Mayweather said. “He’s a great person, great guy. He’s very controversial. He’s surrounded by a lot of controversy like myself. In the rap game he’s taking on all comers. In the fight game, I’m taking on all comers.” “All comers!” 50 added. “You know what people mistake about Floyd? When he says ‘money.’ When he makes reference to money, it’s not like he doesn’t have a passion for the actual art form of boxing or the skill, because he’s obviously the best fighter out there. And they still can’t find anybody out there who can beat him.” One man many boxing experts and fans feel can give Floyd a run for his money is Manny Pacquiao. They came close to fighting earlier this year, but the fight was canceled because the fighters couldn’t agree on the drug testing. Mayweather has demanded Olympic-style drug testing for the fight and Pacquiao says no. All boxing fans, including 50 Cent, are hoping they can come to some sort of resolution. “The thing about that situation is this,” Mayweather began before 50 chimed in. “We gon’ beat him up. He gon’ beat him up!” the Queens MC exclaimed. “If we don’t take the test, if the athlete is cheating, then we’re cheating the fans,” Mayweather said. “Why would that [drug testing] be a problem if you wasn’t cheating?” 50 opined. “I smell something dirty.” “If you clean, then take the test,” Mayweather said. “I’m a clean athlete. [Sugar] Mosley stood up, he took the test. So of course we want him to stand up and take the test. You do your homework on him. I wish him nothing but the best. Me, myself, I’m living my life. I’m comfortable, I’m happy.” For the record, Floyd says his “next fight is life.” As for what Mayweather is listening to right now, we defer right back to the G-Unit camp. The champ says he’s a fan of Lloyd Banks’ “Beamer, Benz or Bentley.” “That’s the hottest record out right now,” Mayweather insisted. “Something different. It made me go out and buy the Supersport Bentley.” This holiday weekend in Atlantic City, New Jersey, Mayweather is hosting an All White Celebration with Vibe magazine. 50 Cent is continuing to work on new music. Related Videos Mixtape Daily: Max B, Freesol Related Artists 50 Cent

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Tesla Motors Expands IPO to 13.3m shares, Could Raise $226m

Photo: Michael Graham Richard A Quarter Billion of Cash Money for Tesla Electric car maker Tesla Motors had its initial public offering (IPO) today and ended up selling 13.3 million shares of common stock, 20% more than first expected, at a price of $17, also higher than the expected range of $14-16. This should mean an infusion of about $226 million for Tesla, a much needed cash pile that will no doubt mostly be used to invest in the company’s second electric car, the

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Tesla Motors Expands IPO to 13.3m shares, Could Raise $226m

Cramer Rips Federal Gov’t for Congressman’s 1,000-2,000 Dow Drop Prediction: ‘Washington Has Decided to Eviscerate Profits’

On CNBC’s June 29 broadcast “Power Lunch,” Rep. Paul Kajorski, D-Pa. made a pretty prediction about the Dow Jones Industrial Average ( DJIA ) should Congress be unable to pass financial regulation legislation. [Video Available Here ] “You know, I wish every one of them would ask the question and also the industry and media, what happens in this country if this bill fails?” Kanjorski said. “Do you think 236 points down on the Dow is surprising? Check 1,000 or 2,000 points if we fail to change the ways that caused this problem.” That caught the attention of CNBC’s Erin Burnett, who played the clip for “Mad Money” host Jim Cramer. Cramer blasted Kanjorski and the entire institution of the federal government for being a drag on the markets for a myriad of reasons on his June 29 “Stop Trading” segment of CNBC’s “Street Signs.” “You know, they are the problem,” Cramer said. “And we all know it, right? It’s like let’s not even outthink it. I love our bureaucrat congressmen in Washington, but they’re the problem. And I don’t want to be just Mr. Rick Santelli here, but give me a break.” Cramer noted the timing – on the eve of a financial regulation bill vote and asked why he was waiting until now to tell us. “I mean, really – so he’s telling us about the 2,000 points? Now he’s telling us?” Cramer continued. “I mean, like other than a couple of congressmen and senators.” But according to Cramer, things are much more dire than the Washington, D.C. political playbook. He explained there was a real problem with the mentality in the federal government – to demonize profits. “What is the 10-year telling us?” Cramer continued. “We’re done. It’s 1934. I’ve been saying over and over on the show – the market’s overvalued, the market’s overvalued. Just try to buy a yield. It’s because, you know – we’ve had it. Washington has decided to eviscerate profits. No one wants to say this because what happens when you say it, is you got a bullseye on your back and I don’t even feel like saying it because I already have a ton of them. But you know it really is – I mean to like listen to Congress tell us about what causes a 2,000-point decline and then just accept it and say, ‘Yeah, that’s interesting.’ I’m not playing that game. I’m too old.” Cramer said the problem was very complicated with what he said was a deflationary phenomenon. He explained there were very few positives with the S&P 500 index to point at what he deemed “gloom-busters.” “We have radical deflation in this country,” Cramer said. “I mean, that’s what it is. People are maybe working, earning money off the books. I’m doing a series on the show. I’m trying to find companies that are gloom-busters. I gave combed most of the S&P 500, some of the S&P 600, you know the next level. I’ve got about four or five companies that say things are good. I mean, this is a remarkable time in the American economy. This market deserves to go down. Now I know a lot of people will say, ‘Wait a second, it just rallied from 270.’ We’ve all played that game. We know what happens – the ultra-funds come in in the last half hour, they rebalance – you go down 500 in the last minute. Maybe it’s our fault. It’s our fault because of TARP or … whatever.”

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Cramer Rips Federal Gov’t for Congressman’s 1,000-2,000 Dow Drop Prediction: ‘Washington Has Decided to Eviscerate Profits’

The Real Housewives of New Jersey Recap: Holy Crap!

Every Tuesday morning, I get an email from one of our interns at THG that briefly runs down the previous night’s episode of The Real Housewives of New Jersey and then goes into a longer review, the latter of which I post on the site. But this correspondent only had two words to describe this week’s installment of the Bravo series: Holy crap! What caused such a reaction? Read her detailed take on the hour below and see if you agree: This season of RHONJ has had so many bitch fights, cat fights, quarrels, duels, breakdowns, meltdowns, and spars I don’t know how the show can ever keep up in the future. Do they show these Housewives violent movies and give them hallucinogenic drugs before releasing them into the wilderness of strip malls, plastic surgery centers, and country clubs that is Franklin Lakes, hoping they will run into each other and start kicking, biting, screaming profanities, and slinging their purses at each other while the cameras catch every cringe-worthy moment?

B.o.B, Soulja Boy Tell’em, N.E.R.D, More Rock BET Awards Pre-Show

Drake, T.I., Nicki Minaj chat on the red carpet before main show. By Hillary Crosley N.E.R.D. at the 2010 BET Awards Photo: Frederick M. Brown/ Getty Images Before the 10th annual BET Awards in Los Angeles on Sunday night (June 27), N.E.R.D kicked off a pre-show by performing “Hot and Fun” on a Murakami-inspired flatbed truck, surrounded by fans. Afterward, the guys chatted with “106 & Park” hosts Rocsi and Terrence J about their most anticipated show performances. “I got to see my man ‘Ye do it,” Pharrell said of Kanye West’s opening performance at the main show. “It’s gonna be hot.” Atlanta MC B.o.B followed, rocking his hit “Nothin’ on You,” featuring a new singer, Rico Barrino, filling in for Bruno Mars. Barrino, who is the brother of “American Idol” winner Fantasia, recently joined B.o.B as an artist on T.I.’s Grand Hustle record label, and their performance served as the singer’s introduction. T.I. came out to chat with B.o.B and Barrino following their performance. “This is my first time actually attending and being nominated three times,” B.o.B said. “I feel like three [nominations are] a charm.” “I’m looking forward to the surprise performances,” T.I. added, donning a blue suit with a matching tie. “[B.o.B] don’t even know yet, but I hooked it up. I got you performing on the big stage. So I’m looking forward to that performance, and it’s going to be a collaboration that the world ain’t ready for.” In a nod to “Glee,” the Crenshaw High Elite choir sang renditions of each of the Viewer’s Choice Award nominees a capella, including Beyonc

MSNBC’s Dylan Ratigan Urges Homeowners to Stop Paying Mortgages As a Leftist Protest

MSNBC afternoon host Dylan Ratigan took to the ramparts of The Huffington Post on Thursday and urged home owners to stop paying their mortgages as a leftist protest against a government too cozy with the bankers. The title was “They Keep Stealing — Why Keep Paying?”    The crisis was all Wall Street’s fault, and now they’re back to paying themselves bonuses after a federal bailout. So stop paying them. (Notice Ratigan doesn’t suggest you protest Washington and TARP by refusing to pay your taxes.) This piece sounds like a direct-mail letter: You didn’t cause this mess. They did. Now you are struggling to make the same payments on this mortgage on your now overpriced home even in light of a crashing economy and massive deflation, all while the government does everything in its power to help Wall St. keep the bonuses coming. Well, it is becoming time to take matters into your own hands… I suggest that you call your lender and tell them if they don’t lower you mortgage by at least 20%, you are walking away. And if they don’t agree, you need to consider walking away. It probably doesn’t feel right to you. That is because you probably are a good person. But your mortgage is a business deal, and it is not immoral to walk away from a business deal unless you went in to the deal with the intention of defaulting . But somehow, even though the corporations are pumped to exercise their new rights, former bankers like Henry Paulson, current ones like Jamie Dimon and — get this — now even Fannie Mae execs want to keep you from exercising your rights. But before you let them (or anyone commenting below) force you into paying that $500k mortgage on a $300k house, ask them if they’ll push Jerry Speyer into “honoring his obligation” by breaking into his $2 billion personal piggy-bank to keep paying for Stuyvesant Town? Or how about asking Hank and Jamie to lecture fellow bailed-out CEO John Mack about how “you’re supposed to meet your obligations, not run from them”? Maybe make him use some of his $50+ million for those buildings he bought in San Francisco? And before shaming and punishing American homeowners, did they nag Steve Feinberg about helping “teach the American people…not to run away” by writing a check out of his billion-dollar pocket to cover all the stiffed landlords and vendors at Mervyn’s? After all, at least you aren’t single-handedly putting 1,100 employees out of work when you walk on your mortgage. As part of the deal for your house, your mortgage holder gets interest payments from you and they also use the note to your house for their capital reserves. In return, they take the risk of a foreclosure. In many states, you paid extra to have a non-recourse loan where the lender just gets the house back if you stop paying — your interest rate would’ve been much lower if you were held personally liable like a student loan. But if you still feel bad, then donate the money saved to charity instead of to their bonuses. Even if you agreed that everyone on Wall Street is a knave and a thief, Ratigan is still preaching that two wrongs make a right. Or, to be more precise, the second wrong helps the populist agitators regain “our captured government” from the financial elite. (Did he clear that phrase with Chris Matthews, because it sounds “dangerously anti-government,” doesn’t it?) Meanwhile, our captured government has made it clear that they want to further reward these banksters because there are clearly better ways to “save” the economy without rewarding those most responsible for the damage. Instead of claw backs for the past theft and strong financial reform for the future, they choose to cover-up the gross misuse of our tax money, making our country worse by helping the criminals on the backs of the most honest. But thankfully, in this country we still have the tools to fight back and regain our country. Our vote, our voice, our laws and what we choose to do with every penny we have that doesn’t go to taxes are the benefits of our hard-fought freedom, and in this battle we must use them all to fight back. It’s time for the citizens to once again own this place. [HT: Jack Coleman]

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MSNBC’s Dylan Ratigan Urges Homeowners to Stop Paying Mortgages As a Leftist Protest

Wall Street Tabloid Asks CNBC Anchor ‘How Does It Feel To Be A MILF?’

The editor of the Wall Street e-tabloid Dealbreaker on Wednesday actually asked CNBC anchor Trish Regan, “How does it feel to be classified as a MILF?” For those unfamiliar with the term — as was Regan! — it means “Mom I’d Like to,” well, let’s say have sex with. Nice thing to ask an Emmy-nominated 37-year-old mother of two, wouldn’t you agree? Yet that wasn’t even the worst of Bess Levin’s questions (Levin in bold, h/t TVNewser ): Question number 2: How do you feel you measured up next to Mandy and her assets? I think I held my own. For those that don’t watch CNBC, Amanda Drury was originally brought over from CNBC Asia to fill in for Melissa Francis who was going on maternity leave. When Levin asked about Mandy’s “assets,” she wasn’t referring to her stock portfolio if you catch my drift. As such, Regan was being questioned about how her bra size compared with Drury’s. Seem a little childish to you? Wait. It gets worse:  Question number 3: If you had to: Charlie Gasparino or Dennis Kneale? Killing yourself is not an acceptable answer. I think I would have to kill myself. Or be on life-support. And then? Who would it be? You think it would still be appealing for them? Dennis Kneale and Charlie Gasparino? Yes, one of them would definitely still go for it, if not both. Question number 4: Just so we can be fair, in that same vein, if you had to get down and dirty with one of the anchorettes on CNBC, whom would you choose? See this question is just as hard as the last but for the opposite reason. I’m not into women but if I were it would be really difficult. We have a lot of beautiful ladies at CNBC. Add it all up, and Regan was asked: how she feels about young men wanting to have sex with her; which guy on her network she’d like to have sex with, and; which woman.  All of this raises a number of questions such as what is this Dealbreaker, and why would a serious journalist want to have anything to do with it? Fortunately, fashion magazine Elle did an article on Levin in April offering us some insights: The 25-year-old editor of Dealbreaker.com, the financial industry’s online tabloid that reports on corporate scandals and insider gossip, some of which she overhears at happy hour in the finance world’s watering holes, has become a mustread on Wall Street. Posting nine times a day, she’s been known to scoop the mainstream business media and retains a fiercely loyal following who seem to have an infinite appetite for her biting, off-kilter commentary about the money business- you don’t see The Wall Street Journal running headlines like “Neil Barofsky Will Cut a Bitch” or “Spotted: Ruth Madoff Getting Her Tan On.” Dealbreaker, which draws 300,000 unique visitors a month, has posted hedge funds’ for-investor-eyes-only marketing materials, which three years ago sparked a lawsuit that named Levin and Dealbreaker’s publisher; they later settled. During the Bank of America and Merrill Lynch merger last year, Merrill employees depended on Levin to report what their company wasn’t telling them.  The New York Observer recently wrote of Levin: Because of someone else’s car accident and a physics-class coincidence, Bess Levin is the most important young Wall Street blogger in the country. But Dealbreaker has a certain crackle-a taste for picking out and serving up the day’s fascinating little nuggets of finance news. It’s a must-read.  John Friedman wrote about Levin earlier this month: Levin, at only 25 years old, is reputed to be the scourge of Wall Street. Clearly, she gets a kick out of poking holes in the pompous image of Wall Street professionals, to the delight of journalists who don’t have the same cleverness — or freedom — to write like her. The media universe embraces Levin as a symbol of the Really New Journalism (sorry, Tom Wolfe), someone whose job description is to lampoon the establishment and entertain the masses with both biting and good-natured sarcasm. Levin has a knack for writing irreverent, witty and insightful stuff. But what makes proudly hard-bitten journalists look at her in something approaching awe is her precocious age. Levin is not too far removed from attending Amherst College or, even high school in suburban New Jersey. That seems like part of the attraction. But Friedman made a more salient observation: Much of Levin’s success results from the states of the journalism and Wall Street landscapes. The rise of the Internet has attracted a large number of young readers who would sooner dig a ditch than buy a newspaper or a magazine at a newsstand. This situation has forced the nation’s once-stodgy media companies to dig deep to tape [sic] young, adventurous writers, who are at home on the Web and can communicate with their peers. Which likely explains the need for the tawdry, but why would someone like Regan, who just gave birth to twin daughters, want to associate with someone who views her website’s approach as “Wall Street torture porn?” It’s certainly not for the exposure, as despite Elle’s fawning, 300,000 unique reads a month is nothing; NewsBusters typically does over 5 million. As for the whole peer thing, one doesn’t imagine Regan at 37, and a member of the Council on Foreign Relations, views Levin as her contemporary. With this in mind, although Dealbreaker devotees might have loved these sex-related questions — according to Levin, they came from readers — I’m having a hard time understanding why the seemingly conservative Regan put herself in this position. Isn’t this degrading to women looking to be taken seriously in the business world and not be treated as sex objects? Or is this the state of modern feminism?   As for Levin, who clearly must be doing something right given her glowing reviews, one has to wonder why someone of her intellectual capacity feels the need to occasionally wander into the gutter. If she really has the eyes and ears of hedge fund managers and financial sector CEOs, can’t she keep their attention without the smut?  As the father of a sixteen-year-old girl, I certainly hope so. 

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Wall Street Tabloid Asks CNBC Anchor ‘How Does It Feel To Be A MILF?’